India Targets Saudi Investment In Strategic Oil Storage

India Targets Saudi Investment In Strategic Oil Storage

India imports four out of every five barrels of oil it consumes. India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the...
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Oil marketing cos permit dealers to operate more than one petrol pump

Oil marketing cos permit dealers to operate more than one petrol pump

State oil marketing companies (OMCs) have permitted dealers to operate more than one petrol pump, paving way for emergence of small chains of filling stations in the country. IndianOil, Bharat Petroleum and Hindustan Petroleum are currently in the proces...
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American Oil Is Coming To Flood The Market. Or Is It?

American Oil Is Coming To Flood The Market. Or Is It?

In November 2018 the United States produced a record 11.5 million barrels per day of oil. This is according to data released by the U.S. Energy Information Administration (EIA) in December. The United States is now the largest oil producer in the...
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Rising crude oil prices spell triple-whammy setback for India

Rising crude oil prices spell triple-whammy setback for India

The surge in oil prices couldn’t have come at a worse time for India. Asia’s No. 3 economy faces a wider trade deficit, a worsening of stretched government finances, and slower economic growth if oil prices remain stubborn at the...
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Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the iconic 250-acre Hiranandani Gardens township in s...
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No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

Assessment should not be made based on hypothetical situation concerning crude prices, said Mr Jaitley. New Delhi: Finance Minister Arun Jaitley today said the fiscal situation should be comfortable next financial year and there are no worries at the moment r...
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